Resolving Intellectual Property Issues Critical

The Calgary Herald website reported that “As corporations cut down on their internal R&D activities and look to open innovation as an alternative, universities have become an even more essential partner,” according to a research paper published last year by MIT. “Indeed, companies are now looking to universities to anchor an even broader set of external activities, especially those grounded in engaging with regional innovation ecosystems.” While many vibrant universities support research and yield important discoveries, a significant hurdle remains. That would be the issue of intellectual property (IP) — who owns it, where does it reside and how are the benefits shared.

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